S 2217
Independent Retirement Fairness Act
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- Passed Senate
- Passed House
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- Became Law
Bill overview
The Independent Retirement Fairness Act aims to improve retirement savings options for independent workers, including freelancers and gig economy participants. It modifies existing laws to allow independent workers to be treated as employees for certain pooled employer plans and simplifies rules for simplified employee pensions. The bill also establishes pilot programs to encourage retirement savings and streamlines auditing procedures for groups of retirement plans. Finally, it clarifies how audits of pooled employer plans should be conducted.
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